Strata Wealth Advisors LLC Purchases New Shares in Armstrong World Industries, Inc. (NYSE:AWI)

Strata Wealth Advisors LLC acquired a new stake in Armstrong World Industries, Inc. (NYSE:AWI - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 18,504 shares of the construction company's stock, valued at approximately $1,819,000. Armstrong World Industries accounts for about 0.7% of Strata Wealth Advisors LLC's portfolio, making the stock its 24th largest position.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Dark Forest Capital Management LP bought a new position in shares of Armstrong World Industries in the 3rd quarter valued at about $1,630,000. State of Alaska Department of Revenue grew its position in shares of Armstrong World Industries by 211.3% in the 4th quarter. State of Alaska Department of Revenue now owns 40,042 shares of the construction company's stock valued at $3,936,000 after acquiring an additional 27,179 shares during the period. Barclays PLC grew its position in shares of Armstrong World Industries by 42.2% in the 3rd quarter. Barclays PLC now owns 24,225 shares of the construction company's stock valued at $1,743,000 after acquiring an additional 7,186 shares during the period. Envestnet Portfolio Solutions Inc. bought a new stake in shares of Armstrong World Industries during the 3rd quarter worth about $244,000. Finally, Oak Thistle LLC boosted its holdings in shares of Armstrong World Industries by 43.0% during the 4th quarter. Oak Thistle LLC now owns 5,190 shares of the construction company's stock worth $510,000 after buying an additional 1,560 shares during the period. Institutional investors own 98.93% of the company's stock.

Analysts Set New Price Targets

Several analysts recently commented on the stock. StockNews.com raised shares of Armstrong World Industries from a "hold" rating to a "buy" rating in a report on Thursday, March 28th. Truist Financial lifted their target price on shares of Armstrong World Industries from $95.00 to $131.00 and gave the stock a "buy" rating in a report on Wednesday, February 21st. UBS Group raised shares of Armstrong World Industries from a "sell" rating to a "neutral" rating and lifted their target price for the stock from $75.00 to $103.00 in a report on Thursday, January 4th. Finally, The Goldman Sachs Group lifted their target price on shares of Armstrong World Industries from $111.00 to $132.00 and gave the stock a "buy" rating in a report on Wednesday, February 21st. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $100.17.

Armstrong World Industries Stock Performance

Armstrong World Industries stock traded up $0.13 during midday trading on Friday, hitting $113.98. The company's stock had a trading volume of 223,285 shares, compared to its average volume of 358,575. Armstrong World Industries, Inc. has a 1-year low of $62.03 and a 1-year high of $125.56. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.61 and a quick ratio of 1.07. The company has a 50-day moving average price of $119.01 and a two-hundred day moving average price of $99.20. The company has a market cap of $4.99 billion, a price-to-earnings ratio of 22.80, a PEG ratio of 1.74 and a beta of 1.12.

Armstrong World Industries (NYSE:AWI - Get Free Report) last issued its quarterly earnings data on Tuesday, February 20th. The construction company reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.18. Armstrong World Industries had a net margin of 17.28% and a return on equity of 41.56%. The business had revenue of $312.30 million during the quarter, compared to analysts' expectations of $305.44 million. During the same quarter in the previous year, the company earned $1.08 EPS. The business's revenue was up 2.6% on a year-over-year basis. As a group, sell-side analysts predict that Armstrong World Industries, Inc. will post 5.74 earnings per share for the current year.

Armstrong World Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 14th. Stockholders of record on Thursday, February 29th were given a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 0.98%. The ex-dividend date was Wednesday, February 28th. Armstrong World Industries's payout ratio is presently 22.40%.

Armstrong World Industries Company Profile

Armstrong World Industries, Inc, together with its subsidiaries, engages in the design, manufacture, and sale of ceiling and wall solutions in the Americas. It operates through Mineral Fiber and Architectural Specialties segments. The company offers mineral fiber, fiberglass wool, metal, wood, felt, wood fiber, and glass-reinforced-gypsum; ceiling component products, such as ceiling perimeters and trims, as well as grid products that support drywall ceiling systems; ceilings, walls, and facades for use in commercial settings; and manufactures ceiling suspension system (grid) products.